Housing market report for August 2021: Portland

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Updated September 8, 2021

August 2021 highlights

While competition for homes in the region dropped slightly in August, demand for homes stayed high and the local market continues to be hotter than in previous years. As we enter an expected seasonal slowdown, changes will be gradual rather than dramatic. 

  • Fewer homes were listed. In Portland, 17% fewer single family homes and 14% fewer condos were listed in August than in July. Likewise Hillsboro and Beaverton saw 16% fewer single family home listings and 13% fewer condos. 
  • Sale prices rose slightly. The median single family home price in Portland, and Beaverton and Hillsboro, rose 2% month over month. In Portland, condos rose 7% while dropping 5% in Hillsboro and Beaverton.
  • Homes continued to sell quickly. The median number of days on market for single family homes in Portland fell 14% to 6 days, while staying steady at 5 days in Hillsboro and Beaverton. 

See previous months’ highlights

Competition report

Our research team analyzed the competition in select local areas.

Real estate competition report for East Side Portland

Sale price

List price

Sale price compared to list price

Days on market

Number of properties listed

Number of properties pending sale

Portland data includes the city of Portland.

Hillsboro & Beaverton data includes the cities of Hillsboro and Beaverton.

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